Loading chat...
NY S01224
Bill
Status
Introduced
1/6/2011
Primary Sponsor
Toby Stavisky
Click for details
AI Summary
- Allows heads of household with valid tax abatement certificates on rent-controlled or rent-regulated property to apply for redetermination if household combined income permanently decreases by more than 20 percent
- Redetermination reestablishes the ratio of adjusted rent to income that existed at the time of the last approved tax abatement certificate application
- Sets minimum adjusted rent floors at one-third of combined household income (or maximum shelter allowance for those receiving social services assistance)
- Makes any redetermination retroactive to the date when the permanent income decrease occurred
- Takes effect immediately but expires with section 17 of chapter 576 of the laws of 1974
Legislative Description
Makes reclassification of rent controlled dwelling retroactive to time of decrease in income of members of household of dwelling.
Last Action
REFERRED TO AGING
1/4/2012
Committee Referrals
Aging1/4/2012
Rules6/24/2011
Aging1/6/2011
Full Bill Text
No bill text available